MAFA GROUP: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
MAFA GROUP
Largest movements
- Tangible fixed assets -€36,124
down €36,124 (-10.3%), from €350,946 to €314,821
of which Land and buildings: -€36,124
- Receivables within one year +€5,425
new in 2022: €5,425
- Profit (loss) carried forward +€421,529
up €421,529, from -€387,814 to €33,715
- Other debts -€288,331
no longer reported in 2022 (was €288,331)
- Short-term financial debts -€167,223
down €167,223 (-40.6%), from €412,225 to €245,002
- Gross operating margin +€485,848
new in 2022: €485,848
- Financial charges +€11,043
up €11,043 (+40.5%), from €27,249 to €38,292
From the 2021 result to the 2022 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2021 and 2022 balance sheets and the 2022 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2021 | 2022 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €352,195 | €320,247 | -€31,948 | -9.1% |
| Fixed assets | 21/28 | €350,946 | €314,821 | -€36,124 | -10.3% |
| Tangible fixed assets | 22/27 | €350,946 | €314,821 | -€36,124 | -10.3% |
| Land and buildings | 22 | €306,638 | €270,514 | -€36,124 | -11.8% |
| Furniture and vehicles | 24 | €44,308 | €44,308 | = | 0.0% |
| Current assets | 29/58 | €1,249 | €5,425 | +€4,176 | +334.3% |
| Amounts receivable within one year | 40/41 | - | €5,425 | +€5,425 | |
| Other amounts receivable | 41 | - | €5,425 | +€5,425 | |
| Cash at bank and in hand | 54/58 | €1,249 | - | -€1,249 | |
| Total equity and liabilities | 10/49 | €352,195 | €320,247 | -€31,948 | -9.1% |
| Equity | 10/15 | -€348,361 | €73,167 | +€421,529 | |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €20,861 | €20,861 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €19,001 | €19,001 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€387,814 | €33,715 | +€421,529 | |
| Amounts payable | 17/49 | €700,556 | €247,079 | -€453,477 | -64.7% |
| Amounts payable within one year | 42/48 | €700,556 | €247,079 | -€453,477 | -64.7% |
| Financial debts | 43 | €412,225 | €245,002 | -€167,223 | -40.6% |
| Credit institutions | 430/8 | €412,225 | €245,002 | -€167,223 | -40.6% |
| Trade debts | 44 | - | €2,078 | +€2,078 | |
| Suppliers | 440/4 | - | €2,078 | +€2,078 | |
| Other amounts payable | 47/48 | €288,331 | - | -€288,331 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,408 | €20,408 | = | 0.0% |
| Other operating charges | 640/8 | - | €2,513 | +€2,513 | |
| Non-recurring operating charges | 66A | - | €3,105 | +€3,105 | |
| Gross operating margin | 9900 | - | €485,848 | +€485,848 | |
| Operating profit (loss) | 9901 | -€20,408 | €459,821 | +€480,229 | |
| Financial charges | 65/66B | €27,249 | €38,292 | +€11,043 | +40.5% |
| Recurring financial charges | 65 | €27,249 | €38,292 | +€11,043 | +40.5% |
| Profit (loss) for the period before taxes | 9903 | -€47,657 | €421,529 | +€469,186 | |
| Profit (loss) for the period | 9904 | -€47,657 | €421,529 | +€469,186 | |
| Profit (loss) for the period to be appropriated | 9905 | -€47,657 | €421,529 | +€469,186 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2021 and 31 December 2022. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.